Mullen Group Ltd. (TSE:MTL - Free Report) - Equities research analysts at Cormark lowered their Q1 2025 earnings estimates for shares of Mullen Group in a report released on Tuesday, December 10th. Cormark analyst D. Ocampo now anticipates that the company will post earnings per share of $0.23 for the quarter, down from their prior estimate of $0.24. Cormark also issued estimates for Mullen Group's Q2 2025 earnings at $0.34 EPS.
A number of other analysts also recently weighed in on the stock. Raymond James decreased their target price on shares of Mullen Group from C$18.75 to C$18.50 in a research report on Tuesday. TD Securities cut their target price on shares of Mullen Group from C$22.00 to C$21.00 and set a "buy" rating on the stock in a research note on Wednesday, September 11th. CIBC upped their price objective on shares of Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. BMO Capital Markets boosted their target price on Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. Finally, National Bankshares increased their price target on Mullen Group from C$18.00 to C$19.00 in a report on Monday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$18.97.
View Our Latest Analysis on MTL
Mullen Group Trading Down 0.2 %
TSE MTL traded down C$0.03 on Thursday, reaching C$15.40. The company had a trading volume of 105,355 shares, compared to its average volume of 185,482. The business has a 50 day moving average of C$15.00 and a two-hundred day moving average of C$14.10. Mullen Group has a fifty-two week low of C$12.47 and a fifty-two week high of C$16.06. The firm has a market cap of C$1.35 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 1.81 and a beta of 1.82. The company has a debt-to-equity ratio of 93.56, a current ratio of 0.75 and a quick ratio of 1.06.
Mullen Group Announces Dividend
The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date was Thursday, October 31st. Mullen Group's payout ratio is 62.69%.
About Mullen Group
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Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.
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